Markets yesterday staged a strong come back from the lower levels below the psychological mark of 5000. It is moving towards the high of 5100 level where there is a strong resistance and it is likely to be pulled back into range.
Option data is indicating more of a bigger range move from 4918 and 5066 levels for sometime and only on a close below or above these levels would bring in a fresh trend.
Resistance levels : 5036, 5066, 5106
Support levels : 5018, 4986, 4957
http://www.tripleint.com/
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